Today's Market Check Report July 5
Ethereum combines candlestick patterns and indicator signals (four-hour level) to show recent price performance exhibiting an upward trend within a range, but is hindered near the key resistance level of 2638. The current price lacks the momentum to break through this key resistance, especially as trading volume has not significantly increased. In the live broadcast a couple of days ago, it was mentioned that the weekend market is likely to continue fluctuating due to the weakening MACD momentum, neutral RSI, and KDJ three-line low-level crossover. Future trending opportunities will need to clearly break through the range (around 2638) before they can appear.
Technical Analysis
BOLL: The current price is close to the middle band, and the Bollinger Bands are relatively wide, indicating the market is in a phase of consolidation, with direction still unclear.
MA: The short-term moving average (MA6) is close to the price but shows a neutral performance, while the long-term moving average (MA144) indicates that the market is still maintaining an upward trend in fluctuation.
MACD: The MACD histogram is shortening + DIF is close to the zero axis, indicating that short-term upward momentum is weakening or transitioning to a fluctuating state.
Operational Advice
Sell high and buy low in the range of 2560-2450
Set stop-loss points for long and short positions with a margin of 30 dollars
⚠️ Weekend fluctuating trend, exit range strategy is ineffective.